I underdtand you put the full amount on the tax return and then Revenue
calculate the 75% of that and send you a tax bill .
thanks for reply.
I underdtand you put the full amount on the tax return and then Revenue calculate the 75% of that and send you a tax bill which I paid, this is not a problem, its all fine in the Return and I have the documentation.
My concern in this thread was the couple of small unaccounted for/discrepancy items on the Return, whether such small issues can balloon into big investigative issues.
Good question on the PRTB, I need to call them now re:2010. I believe I registered the Tenant. Will they request this information ??
I have printed off the Paid NPPR (non principal private residence) for 2010. There was no Household Charge in 2010.
thanks for any help out there.
It came in on 7/5/09. (A daft, vindictive, ill-timed measure, if you ask me)
100% allowable before that.
not trying to be smart but do you think it woudl have been a good idea to hire an accountant which may have avoided the Revenue audit and the payment that you had to make?
Well, I have been doing the return for 17 years and this is the first hiccup.
So I saved say a nominal amount of say 3 or 4 hundred euro per year x 17 years in fees possibly.
Anyway, I did hire an accountant on Monday for a few hours for 400 Euro plus VAT to help me with the disclosure letter.
I believe I'm on the wrong system apparently for the last 10 years since moving to PAYE from self-employed, the Auditor has just called me to say she is deregistering me for income tax.
I should not be Form 11, my profits on rental property aren't large enough. You have a threshold (above the main P60 income apparently) of €3,176. So therefore, Smeharg, maybe you are right, maybe they should remove the preliminary tax penalties, because I should always have been Form 12.
The Auditor said I'm free to email him, I could say with words to the effect "wondering why was I not informed that my profits arent large enough for Form 11 and preliminary tax", I wonder will this help me reverse half of the settlement I've already paid ?
thanks for responses to all.
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